Sunday 31 August 2014

Capital stroke NCDEX Update : SOYABEAN 1 September 2014



Soyabean trading range for the day is 3281-3407.
Soyabean ended with gains on improved demand in global market despite of favorable weather conditions in growing areas of central India.

However, the prices will remain under pressure as there has been some good sowing progress coupled with bearish US markets.

India's soymeal exports slumped to 93,000 ton in Apr-Jul from 518,000 ton a year ago as US, Brazil, and Argentina are offering meal at cheaper rates

At the Indore spot market in top producer MP, soybean gained 5 rupee to 3762 rupee per 100 kgs.


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